Heavyweights lead Chinese stocks wobble Wednesday

1月 20, 2016

BEIJING, Jan. 20 (Xinhua) -- Chinese stocks slumped Wednesday, dragged down by heavyweights, removing some of Tuesday's gains.
The benchmark Shanghai Composite Index lost 1.03 percent to close at 2,976.69 points. The smaller Shenzhen index dropped 1.28 percent to close the day at 10,366.85 points.
The ChiNext Index, the NASDAQ-style board of growth enterprises, dived 1.65 percent to close at 2,204.65 points.
The good performance of the ChiNext during the previous two days was somewhat offset by its losses Wednesday, making it the worst performer among all indexes.

Weibo to remove 140-character limit

1月 20, 2016

BEIJING, Jan. 20 (Xinhua) -- Chinese microblogging service Sina Weibo will remove its 140-character limit starting Jan. 28 on its developer platform, its CEO confirmed on Wednesday.
The change came after media reported that U.S. microblogging platform Twitter is considering removing its own 140-character limit, considered an iconic feature of the social media tool.

China records first FDI drop in months

1月 20, 2016

BEIJING, Jan. 20 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland slipped 5.8 percent year on year in December of 2015, its first yearly drop since August 2014, data from the Ministry of Commerce (MOC) showed on Wednesday.
FDI in December reached 77.02 billion yuan (12.23 billion U.S. dollars), MOC spokesperson Shen Danyang told a press conference.
He attributed the decline to a higher base in the same month of 2014 as well as changing currency trends and market conditions, without elaborating.

China's service outsourcing grows in 2015

1月 20, 2016

BEIJING, Jan. 20 (Xinhua) -- China's service outsourcing industry continued to grow in 2015 despite subdued economic growth, with both onshore and offshore contracts posting remarkable increases in value, official data showed on Wednesday.
Chinese companies inked service outsourcing contracts worth 130.9 billion U.S. dollars, up 22.1 percent year on year, Shen Danyang, spokesperson for the Ministry of Commerce, told a press conference.
Of the total, offshore service outsourcing contracts reached 87.29 billion U.S. dollars, rising 21.5 percent from a year earlier.

Chinese enterprises continue to grow business in U.S. in 2015

1月 20, 2016

NEW YORK, Jan. 19 (Xinhua) -- The relationship between Chinese and U.S. economies continued to grow in 2015, with China surpassing Canada to become the U.S.'s largest trading partner in November, the China General Chamber of Commerce-U.S.A. (CGCC) said Tuesday.
More than 800,000 American jobs depend on goods and services sold to China, the CGCC said in the 2015 White Paper, in a notable sign that trade relations with China helped boost the U.S. economy and local jobs market.

Chinese economy not in crisis: expert

1月 20, 2016

PRETORIA, Jan. 19 (Xinhua) -- China is not facing an economic crisis but adjusting its economic structure, a Chinese expert said on Tuesday.
"There is a global slowdown in the market and China is part of the world facing those challenges and risks. The economic slowdown would facilitate industrial structure to adjust demand to supply," said Gu Hailiang, Deputy Chair of the State Committee of Social Sciences at the Chinese Ministry of Education.

Chinese e-commerce platform finishes world's largest O2O fundraising

1月 20, 2016

BEIJING, Jan. 19 (Xinhua)-- E-commerce platform Meituan&Dazhongdianping finished the world's largest online-to-offline (o2o) fundraising campaign, the company announced Tuesday.
The company's first round of financing raised a record sum of over 3.3 billion U.S. dollars, making the company worth over 18 billion dollars, according to Wang Xing, CEO of Meituan&Dazhongdianping, a new company formed by group-buying platform meituan.com and review service provider dazhongdianping.com.

Market exchange rates in China -- Jan. 20

1月 20, 2016

BEIJING, Jan. 20 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 12 major currencies announced on Wednesday by the China Foreign Exchange Trading System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 655.78

Euro 100 716.27

Japanese yen 100 5.5834

Hong Kong dollar 100 83.865

British pound 100 929.87

China braces for 30-year freeze-out

1月 20, 2016

BEIJING, Jan. 20 (Xinhua) -- Schools have been suspended and emergency workers are on standby as Chinese provinces brace for a week of unusually
cold weather.
China's National Meteorological Center (NMC) announced a warning Wednesday morning for snowstorms in southern China, predicting that temperatures could drop by 14 degrees Celsius, with cities such as Shanghai and Changsha to see temperatures hit thirty-year lows.
Cold air moving south will bring up to 30 mm of snow to regions along the Yangtze River from Wednesday to Saturday.

Chinese police seize 78 suspects, save 15 infants in trafficking bust

1月 20, 2016

CHENGDU, Jan. 20 (Xinhua) -- Police caught 78 suspects and rescued 15 infants in busting a child trafficking ring in southwest China's Sichuan Province and east China's Shandong Province, Sichuan police revealed Tuesday.
In September last year, police spotted a suspicious couple from Liangshan Yi Autonomous Prefecture of Sichuan, who often travelled between Liangshan and Linyi City of Shandong Province.
The wife purchased infants in Liangshan, and transported them to Linyi. The husband was responsible for seeking buyers in the city, according to
the investigation.


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2010/06/28 13:54